Investing.com - Sinopec Shanghai A reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Sinopec Shanghai A announced earnings per share of ¥-0.14 on revenue of ¥11.88. Analysts polled by Investing.com anticipated EPS of ¥0.04 on revenue of ¥24.55B.
Sinopec Shanghai A shares are down 33% from the beginning of the year and are trading at ¥3.15 , down-from-52-week-high.
Sinopec Shanghai A follows other major Materials sector earnings this month
Sinopec Shanghai A's report follows an earnings missed by Wanhua Chemical on Tuesday, who reported EPS of ¥1.03 on revenue of ¥41.30B, compared to forecasts EPS of ¥1.65 on revenue of ¥43.38B.
Yunnan Chuangxin New Material had missed expectations on Thursday with third quarter EPS of ¥1.35 on revenue of ¥3.52B, compared to forecast for EPS of ¥1.36 on revenue of ¥3.48B.
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